Yes, I have no doubt that this will be paid for. There are literally 3 levels of payment options. If shares from the sub-company aren't satisfied then cash (financing programs) will be used, and if not that then PHIL shares. It says so right in the convertible note agreement. It will be paid for one way or another.
I'll state again, I believe this to be a closed deal. I only have two questions:
1. The payment happens when VPD becomes a publicly traded company, which they have until end of March 2023. What happens if they fail to achieve that?
2. At what point is PHIL able to show VPD revenues on the books? Does it have to wait until after a PCAOB audit and until then just shown as Vinafilms has been shown as a subsidiary? Or can it be shown prior to that?
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